Press Release

06/16/2005

LG Electronics receives International Acclaim_F&S_AMN Award

LG Electronics receives International Acclaim as Most Promising Mobile Company at Technology Awards in conjunction with CommunicAsia 2005

LG Electronics receives International Acclaim as Most Promising Mobile Company at Technology Awards in conjunction with CommunicAsia 2005
Industry lauds LG Electronics' outstanding performance and design excellence

Singapore, June 16, 2005 -LG Electronics, a world leader in next generation mobile technology, has been nominated Most Promising Vendor of the Year at the Frost & Sullivan Asia Pacific Technology Awards 2005 to be hosted in conjunction with CommunicAsia 2005 on June 15.

A panel of experts commended the company's outstanding performance. LG Electronics has seen rapid growth year-on-year since beginning its CDMA handset operations in 1996. In 2004, GSM growth almost tripled over the previous year to 18M units and CDMA sales increased to 26M units, securing LG Electronics' position as the world's top CDMA vendor and the fastest-growing mobile handset supplier.

"2004 has been an outstanding year for LG Electronics. Through a well-defined strategy, the company has in a very short period of time managed to break into the elite club of global handset vendors. Its sterling performance is the result of a very strong focus on customers with a high emphasis on design and product innovation. Frost & Sullivan believes that LG Electronics is extremely well poised to take the battle to the top three handset vendors," said Manoj Menon, Partner at Frost & Sullivan.

The company ranked 4th in global mobile handset sales and 1st in global UMTS handset sales in 4Q, 2004, according to global market research agency Strategy Analytics. The agency also reported that LG Electronics was the star performer in terms of growth.

"We are pleased that our leadership in mobile convergence technology has won further recognition through this award. We are on course to become a world leader in the next generation mobile industry," said M.H. Park, President and CEO of LG Electronics Mobile Communications Company.

LG Electronics' LG-A7150 handset was named Most Fashionable Mobile Phone at the 'Asian MobileNews Awards 2005, announced on the same day in Singapore.This is further testament to the company's technological and design excellence. The LG-A7150 is one of its most sophisticated GSM/EDGE phones with trim bodyline. This one touch semi-automatic slide makes it easy to use while the rotating built-in camera enables its users to view them on the large screen.

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